Indigenous firms allay fears over divestment of assets by IOCs
An association of indigenous Exploration and Production companies, under aegis of the Independent Petroleum Producers Group (IPPG), has allayed concerns ...
Tag: Oil
Nigeria loses 20% crude production to oil thieves daily
Mr Adewale Tinubu, the Group Chief Executive Officer, Oando Plc, says Nigeria is losing about 20 per cent of its ...
Nigeria moves to tackle crude oil theft
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has developed key initiatives aimed at reducing ...
Eco Atlantic acquires more stakes in South Africa’s oil, gas
Canadian-based oil and gas exploration company, Eco Atlantic, has, through its subsidiary Azinam Limited, signed agreement for the acquisition of ...
Soludo urges diversification from oil revenue-driven economy
Prof. Chukwuma Soludo, Governor of Anambra has warned that states may not no longer pay their basic bills if they ...
Oil firm donates solar-powered water project to host community
An indigenous oil firm, First Exploration and Petroleum Development Company Limited (First E & P), has donated a solar powered ...
Nigeria, 6 others drop in crude oil production
The Organisation of the Petroleum Exporting Countries (OPEC), has released a fresh report on crude oil production of its member ...
NNPC generates N1.7trn from sale of oil
The Nigerian National Petroleum Company (NNPC) has generated N1.7 trillion from crude oil sales in the last 12 months. This ...
OPEC daily basket price now at $123.21 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 123.21 ...
Expert urges Nigeria to block stealing of crude to increase production
An oil and gas expert, Mr Olabode Sowunmi has underscored the need to block the leakage points of stolen crude ...
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